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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Tom Smith who wrote (136535)	11/30/2001 6:05:44 PM
From: yard_man	Respond to of 436258

looks like it WAS a buying oppty today <vbg>

To: Tom Smith who wrote (136535)	11/30/2001 8:10:08 PM
From: John	Respond to of 436258

If what is transpiring in Argentina were transpiring in the United States, there would be 'round the clock news coverage on every channel. THAT is how serious the situation has become in Argentina. A massive run on banks occurred again today in Argentina. dailynews.yahoo.com But interbank rates soared as high as 700 percent on Friday in razor-thin volume, showing how little cash is in the banking system as devaluation and dollarization rumors hit the markets. The relentless depletion of the country's bank deposits by edgy savers continues -- $2.5 billion was withdrawn in the first 27 days of November -- building up the steam in Argentina's economic pressure cooker. ``We are seeing a run,'' said Ana Gavuzzo, banking analyst at international rating agency Fitch. ``It is being rumored there will be some sort of restrictive measure to ensure deposits are available,'' she added. This news is being carefully minimized by the U.S. media machine. Then again, perhaps the U.S. NASDAQ will race back to >5K soon. Certainly anything is possible in "the game." The Argentina news will matter only when the big kids want it to matter, but not before. Cynically Yours, John